Accounts that keep a balance of each individual customer or supplier are called subsidiary accounts.
An accounts receivable subsidiary ledger is an accounting ledger that suggests the transaction and price history of every customer to whom the commercial enterprise extends credit score. The stability in every client account is periodically reconciled with the bills receivable balance inside the well-known ledger to make certain accuracy.
An income journal is a subsidiary ledger used to save distinct income transactions. Its most important reason is to put off a source of high-extent transactions from the general ledger, thereby streamlining the general ledger.
The income journal (also referred to as income book and sales day e book) is a special journal that is used to record all credit score income.
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Answer and Explanation:
The challenges that occurs is as follows;
1. Adaption of an outside atmosphere
2. Language related problem
3. Every person have different kind of understanding skills that is difficult also it must be adopted for explaining the project to the other people
So as per the given statement, the above represent the challenges that arise in the case when the project manager shifted to a foreign country for managing a project of 5 years
Answer:
See the explanation below.
Explanation:
<u>Details Amount ($) </u>
Issued common stock 74,000
Dividend paid (13,000)
Settlement of note payable (120,000)
Treasury stock acquired <u> (120,000) </u>
Net cash flows from financing activities <u> (179,000) </u>
Answer:
Account titles and explanation Debit Credit
bad debt expense $16,800
allowance for d
doubtful account $16,800
Explanation:
Aging of accounts =5% of accounts receivable
Which is 360,000 x 5% = 18,000 expected allowance
current balance before adjustment =1,200 credit
Adjustment = 18,000 - 1,200 = 16,800
Adjusting entry BY Tanning Company
Account titles and explanation Debit Credit
bad debt expense $16,800
allowance for d
doubtful account $16,800
